Corning and SoftBank-backed dynamic glass producer View's previously announced reverse merger will be boosted by $200m from Singapore's sovereign wealth fund.
Singaporean sovereign wealth fund GIC agreed on Monday to invest $200m in View, the advanced window producer backed by telecommunications and internet group SoftBank and ceramics product maker Corning.
The capital will be added to the $300m in private investment in public equity financing being provided by undisclosed investors in connection with the reverse merger announced by View in November 2020.
Originally known as Echromics before later rebranding as Soladigm, View has created smart windows that tint lighter or darker depending on the light levels outside, allowing buildings to save money on heating or cooling.
The company will be listed on the Nasdaq Capital Market once it closes the reverse merger with special purpose acquisition company CF Finance Acquisition Corp II. The transaction gives it an enterprise valuation of about $1.8bn.
View had previously raised more than $1.8bn in debt and equity financing, closing a $72.6m round in…